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In 1939, with the U.S. economy not yet fully recovered from the Great Depression, President Roosevelt proclaimed that Thanksgiving would fall a week earlier than usual so that the shopping period before Christmas would be longer. Explain what President Roosevelt might have been trying to achieve, using the model of aggregate demand and aggregate supply.
International Monetary Fund information indicate that, with 2000 = 100.0, Japan's export value index in 2006 was 95.3, its import price index in 2006 was 127.2,
The nations of Figistan and Blah are small island nations in South Pacific. Both manufacture fruit and timber. Each island has a labor force of 1,200. The table listed below gives production per month per worker in each nation:
The given matrix shows the payoffs for an advertising game between Coke and Pepsi. The companies can choose to advertise or to not advertise.
Provide three arguments for trade restrictions. Since economists do not trade restrictions, make the case as an economist against trade restrictions for these three items.
You're an advisor to a newly elected President of a developing nation. This nation is under heavy corruption problems. What are some policies that the president can run to help fight this corrpution. The president himself isn't corrupt.
Assume that the market is explained through the following supply and demand equations, Determine the equilibrium price and the equilibrium quantity.
Suppose you are the owner of a small bank in a state that is planning allowing interstate banking. You do not like this because it will be possible for large money center banks in Washington,
What is the difference between Absolute and Relative PPP? Which theory requires fewer assumptions and give two reasons why Absolute PPP might not hold in the short-run.
Discuss and explain the optimal method for procuring a modest number of standardized inputs that are sold through several companies in the marketplace.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate (NAIRU)? Explain your answer in a few sentences. What state of business cycles (such as re..
The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning val..
A possible international monetary regime consists of a world central bank controlling monetary policy and issuing a single currency used throughout the world.
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